Captive Reinsurer definition

Captive Reinsurer means any Lender or affiliate thereof that reinsures mortgage insurance pursuant to a Captive Mortgage Reinsurance Arrangement.
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Captive Reinsurer means a reinsurer that is:
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Captive Reinsurer means an insurance or reinsurance entity created and owned, directly or indirectly, by one or more industrial, commercial, or financial entities or associations the purpose of which is to provide insurance or reinsurance cover for risks of the entity or entities to which it belongs, or for entities connected to those entities;
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Examples of Captive Reinsurer in a sentence

  • Obtaining reinsurance from a Captive Reinsurer on any new mortgage transactions after the date of entry of this Order.

  • The potential exposure to loss of a Captive Reinsurer’s parent bank for the Captive Reinsurer’s reinsurance obligation will not exceed the bank’s investment in the Captive Reinsurer.

  • Eliminating these essential protections by terminating the Consent Decrees would have strong negative impacts and would be contrary to the public interest.

  • Limitations on the Liability of the Bank and the Captive Reinsurer Each Captive Reinsurer’s performance under its individual Retrocession Agreement with the Cayman Segregated Portfolio Reinsurer will be secured by assets in a Trust Account to be established with a United States bank acceptable to both [ Co. ] and the Captive Reinsurer.

  • The Cayman Segregated Portfolio Reinsurer’s reinsurance obligation will be made without recourse to the Captive Reinsurer.

  • The existence of the Cayman Segregated Portfolio Reinsurer, however, will not alter the nature of the activities conducted by the Captive Reinsurer, which are the same types of mortgage reinsurance activities that have been approved by the OCC.

  • Under the Retrocession Agreement, the Cayman Segregated Portfolio Reinsurer would retrocede to the Captive Reinsurer all the risk ceded pursuant to the Certificate and substantially all the premium ceded pursuant to the Certificate (the difference to be sufficient to cover the Cayman Segregated Portfolio Reinsurer’s expenses of operation).

  • We find that Nextel did not act anticompetitively or in collusion with any other bidders in the 800 MHz auction.

  • Before we may reach the merits, we must determine whether we have jurisdiction to review the Board’s Initial Order pursuant to either of the County’s petitions for review.

  • A specific proposal by a national bank’s Captive Reinsurer to enter a mortgage reinsurance agreement with the Cayman Segregated Portfolio Reinsurer to reinsure mortgage insurance on loans originated or purchased by the bank or one of its affiliates would be subject to the OCC’s review under 12 C.F.R. § 5.34.


More Definitions of Captive Reinsurer

Captive Reinsurer means a reinsurance undertaking–
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Captive Reinsurer means for any Captive Financing, the captive reinsurance company formed in connection with such Captive Financing.
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Captive Reinsurer means Ide8 Limited, an exempted limited company incorporated in Bermuda and registered as a Class 2 insurer under the Bermuda Insurance Act 1978 as amended; “Captive Surplus Ratio” means the an amount equal to the ratio of (1) the excess of (a) the aggregate gross premiums written by the Captive Reinsurer during the trailing 12-month period ending on the Closing Date, over (b) the aggregate amount of
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Related to Captive Reinsurer

  • Reinsurer has the meaning set forth in the preamble.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Administrative Review means any decision making process of the director requested by a party aggrieved with an action taken under these rules except the hearing process described in OAR 436-001.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.